The European Securities and Markets Authority (ESMA – previously CESR) has published a 430+ page consultation on implementing measures for the AIFMD.

Issues addressed include ‘General provisions’ (e.g. organisational requirements; valuation; identification of AIF); Depositaries (e.g. liability regime; duties and functions); and Transparency and leverage (including definition and appropriate methods for its calculation). Any one keen to respond to the consultation can turn to page 242 where they will find a summary of all 72 questions. The consultation period ends 13 September 2011.